{"id":2396576,"date":"2025-01-29T14:23:02","date_gmt":"2025-01-29T19:23:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/spirit-airlines-rejects-frontiers-second-merger-bid\/"},"modified":"2025-01-29T14:25:21","modified_gmt":"2025-01-29T19:25:21","slug":"spirit-airlines-rejects-frontiers-second-merger-bid","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/spirit-airlines-rejects-frontiers-second-merger-bid\/","title":{"rendered":"Spirit Airlines rejects Frontier&#8217;s second merger bid"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fspirit-airlines-rejects-frontiers-second-merger-bid%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2396576&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Spirit Airlines has rejected Frontier Airlines&#8217; second merger bid as it focuses on emerging \u200dfrom <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/5-reasons-making-taxpayers-pay-off-student-loans-is-a-rotten-idea\/\" title=\"5 Reasons Making Taxpayers Pay Off Student Loans Is A Rotten Idea\">bankruptcy<\/a>. Spirit filed for \u2064bankruptcy last year \u200bafter its proposed \u200cmerger with JetBlue was blocked by the justice Department. Frontier had previously offered \u200da merger \u2062deal of $2.9 billion, but Spirit considered that offer inadequate\u200b following JetBlue&#8217;s \u2062counter proposal. Recently, Frontier announced a second offer \u2063involving $2.1 billion in stock and cash, emphasizing that \u2063a merger would <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/debate-over-blacklisting-harvard-students\/\" title=\"Controversy surrounds Harvard student blacklisting.\">enhance operational efficiency<\/a> and customer service. However, Spirit&#8217;s \u200b<a href=\"https:\/\/amzn.to\/3YuVZYV\">management declined<\/a> this latest offer,\u200d expressing a commitment to their\u200c standalone reorganization plan \u200cwhile remaining open to revised proposals\u2063 from Frontier. Spirit is expected to complete\u200c its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/data-shows-amc-insiders-got-rich-off-retail-traders-sold-888-million-in-shares-amid-meme-stock-hype\/\" title=\"Data Shows AMC Insiders Got Rich Off Retail Traders, Sold 8 Million in Shares Amid &quot;Meme Stock&quot; Hype\">bankruptcy reorganization<\/a> \u200bin\u200d the frist quarter of this year.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Spirit Airlines plays hardball with Frontier&rsquo;s second merger bid despite bankruptcy<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1959926\" class=\"tpd-featured-video bridtv\"><\/div>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/tag\/spirit-airlines\/\" target=\"_blank\" rel=\"noopener\" title=\"Spirit Airlines\">Spirit Airlines<\/a> rejected Frontier Airlines&rsquo;s second merger bid, opting to continue on its current path to emerge from bankruptcy.<\/p>\n<div class=\"article-paywall\">\n<p>The low-cost airline <a href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/3232955\/spirit-airlines-files-bankruptcy-after-failed-merger-jetblue\/\" target=\"_blank\" rel=\"noopener\" title=\"filed for bankruptcy\">filed for bankruptcy<\/a> last year after the Justice Department blocked a proposed merger with JetBlue. Before JetBlue&rsquo;s offer, Frontier <a href=\"https:\/\/www.washingtonexaminer.com\/news\/225432\/frontier-airlines-to-merge-with-spirit-in-3-billion-deal\/\" target=\"_blank\" rel=\"noopener\" title=\"offered\">offered<\/a> a $2.9 billion merger deal to Spirit, which the airline appeared likely to take until JetBlue countered. Frontier publicly announced a second offer to merge with Spirit in a press release Wednesday.<\/p>\n<p>&ldquo;While we are pleased with the strong results Frontier has been able to deliver through the execution of our business strategy, we have long believed a combination with Spirit would allow us to unlock additional value creation opportunities,&rdquo;&nbsp;Frontier CEO Barry Biffle said in a statement announcing the offer. &ldquo;As a combined airline, we would be positioned to offer more options and deeper savings, as well as an enhanced travel experience with more reliable service.&rdquo;<\/p>\n<p>Frontier offered to pay $2.1 billion in stock and cash to merge with the other <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-senator-concerned-american-jetblue-partnership-will-raise-prices\/\" title=\"US Senator Concerned American, JetBlue Partnership Will Raise Prices\">low-cost carrier<\/a>, and executives wrote in a letter to Spirit&rsquo;s CEO and chairman that they believed that if the airline goes forward with its emergence from bankruptcy, Spirit will be &ldquo;highly levered&rdquo; and &ldquo;losing money at the operating level.&rdquo;<\/p>\n<p>Spirit executives declined Frontier&rsquo;s offer in a letter but said they would remain open to additional offers from the other airline for a deal.<\/p>\n<p>&ldquo;While we appreciate your continued interest and share your view of the logic of a potential transaction, your January&nbsp;7 terms (which have not been improved on in the last three weeks) are both inadequate and unactionable,&rdquo; reads the Spirit <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1670076\/000119312525014898\/d892490dex998.htm\" target=\"_blank\" rel=\"noopener\" title=\"letter\">letter<\/a>, included in an FEC filing Wednesday. &ldquo;In light of the above, our Board has directed management and advisors to proceed with confirmation of our extremely efficient standalone reorganization that will position us well for the future.&rdquo;<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><\/strong><\/p>\n<p>&ldquo;Should you wish to make a revised proposal that is in fact capable of closing, and addresses the material deficiencies catalogued here and in our many communications, we would be happy to consider it and again work to activate our stakeholders to do so as well,&rdquo; it continues.<\/p>\n<p>Spirit is expected to emerge from Chapter 11 bankruptcy reorganization in the first quarter of this year, pending the result of a hearing next month. The airline is one of the most famous names among low-cost carriers, but it has run into financial troubles in recent years.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1959926\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1959926\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spirit Airlines rejects Frontier&#8217;s merger bid, focusing on bankruptcy exit<\/p>\n","protected":false},"author":2638,"featured_media":2396577,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/01\/frontier-spirit-merger-proposal-jan-2025.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[13994,49432,45214],"class_list":["post-2396576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-frontier","tag-merger-bid","tag-spirit-airlines"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/01\/frontier-spirit-merger-proposal-jan-2025.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2396576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2638"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2396576"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2396576\/revisions"}],"predecessor-version":[{"id":2396580,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2396576\/revisions\/2396580"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2396577"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2396576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2396576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2396576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}